Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
The latest announcement is out from REC Silicon ASA ( (RNWEF) ).
REC Silicon ASA has completed the allocation in its fully underwritten rights issue of 4,078,000,000 new shares at NOK 0.2385 per share, raising gross proceeds of NOK 972.6 million. Existing shareholders other than Anchor AS subscribed for 150,230,856 shares, while the remaining 3,927,769,144 shares, along with 113,000,457 underwriting commission shares, will be taken up by Anchor AS, significantly increasing the underwriter’s ownership stake.
The capital increase is expected to be registered and the new shares admitted to trading on Euronext Oslo Børs around 14 April 2026, subject to timely payment by investors. The transaction shores up REC Silicon’s balance sheet and secures funding under challenging subscription demand, but it also brings substantial dilution for existing shareholders and concentrates ownership further with the underwriting investor.
More about REC Silicon ASA
REC Silicon ASA is a Norway-based producer of advanced silicon materials, supplying high‑purity silicon gases to the global solar and electronics industries. Leveraging more than four decades of experience and proprietary technology, the company focuses on enabling high‑efficiency solar cells and semiconductor applications, and its shares are listed on the Oslo Stock Exchange under the ticker RECSI.
Average Trading Volume: 1,484,662
Current Market Cap: NOK1.2B
Find detailed analytics on RNWEF stock on TipRanks’ Stock Analysis page.